Macau cracks down on gaming bonanza
MACAU – Beijing has moved to curb the expansion of gaming in Macau, where casino revenue has soared this year.
The Standard newspaper in Hong Kong reports that under pressure from the mainland government, Macau is to suspend the issuing of licences for new casinos and put a block on the physical expansion of the gambling industry.
Macau chief executive Edmund Ho said new slot machines and gambling tables would not be allowed until further notice.
Ho said he had been directed by Beijing to stabilise the city’s burgeoning economic growth since the opening of the gambling industry in 2001.
“It is a way to ensure the long lasting peace and stability of Macau,” he said.
The government has issued three licences and three sub-licences to six local and foreign companies to operate 29 casinos in the city.
No licensed casino will be allowed to increase the number of gaming tables while the government works on new regulations to limit the impact of gaming on Macau.
The new orders will also limit the amount of commission received by casino agents – the VIP room operators who bring in the lucrative high rollers
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